Twitter Inc (NYSE:TWTR) isn’t the only online company that has been receiving orders from the U.S. government to release information about users. Many of the companies have been facing revolt among users over their privacy. While many companies only choose to reassure their users that their information is safe, many have sought to reveal the…
Hearing of GT Advanced Technologies Inc (GTAT) Bankruptcy Application Set to Begin Thursday
A clerk at a bankruptcy court in Manchester, New Hampshire, has revealed that the GT Advanced Technologies Inc (NASDAQ:GTAT) application for bankruptcy protection will begin tomorrow Thursday 11 am ET. The company will be expected to give details of why it applied for the bankruptcy protection. GT Advanced Technologies Inc (NASDAQ:GTAT) has been caught between…
McDonald’s Corporation (MCD) Japan Projects $157 Million Net Loss in 2014
McDonald’s Corporation (NYSE:MCD) Japan has forecasted a net loss of up to $157 million ( ¥17B) this year, for the first time in 11 years. The expected loss has been attributed to the troubles the company has faced with a Chinese supplier; something that has had negative impact on the company’s sales and increased expenses.…
AT&T Inc. (T) Informs 1,600 Customers of Personal Data Breach
AT&T Inc. (NYSE:T) has informed individual customers whose information was obtained by unauthorized employee of the company. The alleged employ is said to have gotten access to personal information of 1,600 customers, obtaining their social security numbers, driving license numbers, and the company’s services that the individuals have subscribed to. This development comes at a…
Ford Motor Company (F) Midsize Cars Of Close to 1 Million Are Under Probe by Safety Regulators
The National Highway Traffic Safety Administration (NHTSA) has commenced preliminary probe into several complaints that it has received concerning Ford Motor Company (NYSE:F) midsize cars. Approximately 938,000 sedans are being investigated over possible steering wheel failure. The affected vehicles are Ford Fusion and Lincoln MKZ of 2010-2012 model years. Another affected model is Mercury Milan of…
Roger McNamee Criticizes Hewlett-Packard Company (HPQ)’s Split Decision
The move by Hewlett-Packard Company (NYSE:HPQ) to split its software and corporate hardware services from PCs and printers has been hailed by many investors as a move towards the right direction. The company’s stock rose over 4% yesterday to close at $36.87. As for technology investor Roger McNamee, who is also the founder and MD of…
Dell Inc. (DELL) Gets an Opportunity to Get Back at Hewlett-Packard Company (HPQ) Over Split News
Hewlett-Packard Company (NYSE:HPQ) has finally made it clear that it will be splitting its hardware from software services to trade as two different entities. This, the company says, is a move to ensure innovation and enhance shareholder value. One segment will focus on the production of PCs and printers while the other will focus on software…
Apple Inc. (AAPL) Partner GT Advanced Technologies Inc (GTAT) Stock Slumps More Than 90% After Filing for Bankruptcy Protection
The markets are extremely dynamic; that’s why every move by any company is closely monitored by investors and market analysts. The onus is on the company to ensure that it does it right every time as one unfavorable move would take the company to its knees. And that’s what happened to Apple Inc. (NASDAQ:AAPL) partner…
American International Group Inc (AIG) Bailout Terms Were To Avoid “Moral Hazard”, Says Former Treasury Secretary Henry Paulson
American International Group Inc (NYSE:AIG) former chairman and CEO Maurice Greenberg had sued the federal government for taking equity in the company without fair compensation. The federal government had come to the rescue of the insurance company in 2008 when the company was going through difficult economic times, occasioned by the economic downturn experienced worldwide…
Tesla Motors Inc (TSLA) Competes With General Motors Company (GM) With Newly Added Automated Driving Features In Model S
It has always been clear from the word go that Tesla Motors Inc (NASDAQ:TSLA) has something for automated driving. So far, several automation features have been added to the Model S sedan with information that the company’s releases will possibly be 90% automated in 2015. Information coming out says that the company is adding more…